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To enact section 6301.14 of the Revised Code to
create the OhioMeansJobs Workforce Development
Revolving Loan Fund, to create the OhioMeansJobs
Workforce Development Revolving Loan Program, to
allocate a portion of casino license fees to
finance the loan program, and to make an
appropriation.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF OHIO:

Section 1. That section 6301.14 of the Revised Code be
enacted to read as follows:

Sec. 6301.14. The OhioMeansJobs workforce development
revolving loan fund is hereby created in the state treasury. The
fund shall consist of a portion of the proceeds from the upfront
license fees paid for the casino facilities authorized under
Section 6(C) of Article XV, Ohio Constitution. The investment
earnings of the fund shall be credited to the fund.

Section 2. (A) As used in this section:

(1) "Institution" means any of the following:

(a) A state institution of higher education, as defined in
section 3345.011 of the Revised Code;

(b) A private career school, as defined in section 3332.01 of
the Revised Code;

(c) A private, nonprofit institution in this state holding a
certificate of authorization pursuant to Chapter 1713. of the
Revised Code;

(d) A private institution exempt from regulation under
Chapter 3332. of the Revised Code as prescribed in section
3333.046 of the Revised Code, if the program has a certificate of
authorization pursuant to Chapter 1713. of the Revised Code;

(c) Any other training program designed to meet the special
requirements of a particular employer.

(B)(1) The OhioMeansJobs Workforce Development Revolving Loan
Program is hereby established for the purpose of assisting with
job growth and advancement through training and retraining. The
Chancellor of the Ohio Board of Regents shall administer the
program and shall award funds to an institution that the
institution shall use to award loans to participants in a
workforce training program that is approved by the Chancellor and
that is administered by the institution.

(2) In awarding funds under this section, the Chancellor
shall give a preference to an institution for a workforce training
program in which the institution partners with a business that is
willing to repay all or part of the loan on behalf of a program
participant or with a business that also provides funding for the
program, in comparison to a program that does not have such a
partnership. The Chancellor shall consider a program that has
employment opportunities in areas that are in demand, including,
but not limited to, energy exploration.

(3) The Chancellor also shall consider all of the following
factors when determining whether to award funds under this section
to an institution for a workforce training program, to the extent
that these factors apply to the program:

(a) The success rate of the workforce training program
offered by the institution;

(b) The cost of the workforce training program based upon a
comparison of similar workforce training programs offered in this
state;

(c) The rate that the workforce training program participants
obtain employment in the field in which they receive training
under the program;

(d) The willingness of the institution to assist a
participant in paying for the costs of participating in the
workforce training program;

(e) The extent to which the program has demonstrated support
from business partners.

(4) After the initial funds are awarded to institutions under
this section, the Chancellor, in awarding subsequent funds under
this section, shall give greater weight to the factors listed in
division (B)(3)(a) of this section in comparison to the other
factors listed in division (B)(3) of this section, but shall not
give that factor greater weight than the preference given in
division (B)(2) of this section.

(C) Funds shall be disbursed to successful applicants using
moneys from the OhioMeansJobs Workforce Development Revolving Loan
Fund established in section 6301.14 of the Revised Code. The
Chancellor shall not award to an institution more than one hundred
thousand dollars per workforce training program per year under
this section. An institution receiving funds under this section
shall establish, in consultation with the Board of Regents,
eligibility requirements that a participant in the workforce
training program for which the institution received the funds
shall satisfy to receive a loan under this section, and the
institution shall disburse the loan to program participants who
satisfy those requirements. A loan awarded by an institution to a
program participant under this section shall not exceed ten
thousand dollars per program in which the participant
participates.

(D) Except as provided in the rules adopted by the Chancellor
pursuant to division (E)(3) of this section, a loan to a program
participant shall remain interest-free until six months after the
date the participant successfully completes the workforce training
program, if the participant also continues to reside in this
state. Beginning on the earlier of the date that is six months
after the individual completes the workforce training program for
which the participant received a loan under this section or the
date the participant ceases to reside in this state, the
Chancellor shall assess a rate of interest of not more than four
per cent per annum on any outstanding principal balance of that
loan. The Chancellor shall not assess a zero per cent interest
rate. The Chancellor shall establish a payment schedule not to
exceed seven years after the date a participant successfully
completes the workforce training program.

(E) The Chancellor shall prescribe, by rule adopted in
accordance with Chapter 119. of the Revised Code, procedures
necessary to carry out this section, including all of the
following:

(1) Application procedures for funds under this section,
which shall require an applicant to include a description of the
workforce training program for which the institution intends to
award loans and the number of individuals who will be
participating in that program;

(2) Terms for repayment of a loan;

(3) Assessment of interest on loans for a participant who
fails to comply with continuing eligibility requirements, who
fails to complete the workforce training program for which the
participant received the loan, or whose participation in the
program is on a staggered basis;

(4) A method to determine the amount of funds awarded to an
institution based on the costs of the workforce training program
for which a program participant receives a loan and the number of
individuals the institution estimates will participate in the
program;

(5) Disbursement of funds to an institution;

(6) The process by which the Chancellor approves workforce
training programs for which loans are granted under this section.

(F) The Treasurer of State shall serve as an agent for the
Chancellor in the making of deposits and withdrawals and
maintenance of records pertaining to the OhioMeansJobs Workforce
Development Revolving Loan Fund.

(G)(1) The Chancellor may designate either the Treasurer of
State or a third party to serve as the Chancellor's agent in
servicing the loans described in this section. The agent
designated by the Chancellor pursuant to this division is
authorized to take such actions and to enter into such contracts
and to execute all instruments necessary or appropriate to service
loans described in this section. If the Chancellor or an agent of
the Chancellor designated by the Chancellor who is not the
Treasurer of State services the loans described in this section,
the Chancellor shall adopt rules in accordance with Chapter 119.
of the Revised Code to establish a fee to be charged to a loan
recipient to offset the cost of servicing the loan.

(2) If the Treasurer of State is designated the agent
pursuant to this division, the Treasurer of State may designate a
third party to serve as an agent of the Treasurer of State in
servicing the loans. The third party designated by the Treasurer
of State is authorized to take such actions, to enter into such
contracts, and to execute all instruments necessary or appropriate
to service those loans. If the Treasurer of State or an agent of
the Treasurer of State services the loans pursuant to this
division, the Treasurer of State shall adopt rules pursuant to
section 111.15 of the Revised Code to establish a fee to be
charged to a loan recipient to offset the cost of servicing the
loan. The Treasurer of State may adopt any additional rules
pursuant to section 111.15 of the Revised Code that the Treasurer
of State considers necessary to implement this division.

(3) The loan servicing fee established pursuant to division
(G)(1) or (2) of this section shall not exceed the actual cost of
servicing the loan.

(H)(1) The Chancellor shall prepare a report outlining the
amount each institution received under this section during the
previous year, including the amount awarded to each individual
workforce training program. The Chancellor may include in the
report any recommendations for legislative changes to the Program
that the Chancellor determines are necessary to improve the
functioning and efficiency of the Program.

(2) Beginning on July 1, 2014, and continuing every year
thereafter for so long as the Chancellor awards funds under the
Program, the Chancellor shall submit the report prepared in
division (H)(1) of this section to the Governor, the Speaker and
Minority Leader of the House of Representatives, and the President
and Minority Leader of the Senate.

Section 3. All items in this section are hereby appropriated
as designated out of any moneys in the state treasury to the
credit of the designated fund. For all appropriations made in this
act, those in the first column are for fiscal year 2014 and those
in the second column are for fiscal year 2015. The appropriations
made in this act are in addition to any other appropriations made
for the FY 2014-FY 2015 biennium.

Appropriations

BOR BOARD OF REGENTS

State Special Revenue Fund Group

5NH0

235684

OhioMeansJobs Workforce Development Revolving Loan Program

$

25,000,000

$

0

TOTAL SSR State Special Revenue Fund Group

$

25,000,000

$

0

TOTAL ALL BUDGET FUND GROUPS

$

25,000,000

$

0

OHIOMEANSJOBS WORKFORCE DEVELOPMENT REVOLVING LOAN PROGRAM

The foregoing appropriation item 235684, OhioMeansJobs
Workforce Development Revolving Loan Program, shall be used for
the OhioMeansJobs Workforce Development Revolving Loan Program to
provide loans to individuals for workforce training as described
in Section 2 of this act.

The Chancellor of the Ohio Board of Regents and Treasurer of
State may each certify to the Director of Budget and Management
the amount of administrative expenses estimated as a result of
implementing and operating the OhioMeansJobs Workforce Development
Revolving Loan Program over the FY 2014-FY 2015 biennium.

Of the foregoing appropriation item 235684, OhioMeansJobs
Workforce Development Revolving Loan Program, up to $250,000 in
fiscal year 2014 may be used by the Chancellor of the Board of
Regents for administrative expenses of the Program, and up to
$250,000 in fiscal year 2014 may be used by the Treasurer of State
for administrative expenses of the Program.

Any unexpended and unencumbered portion of the foregoing
appropriation item 235684, OhioMeansJobs Workforce Development
Revolving Loan Program, at the end of fiscal year 2014 is hereby
reappropriated for the same purpose in fiscal year 2015. To the
extent that reappropriated funds are available, of the foregoing
appropriation item 235684, OhioMeansJobs Workforce Development
Revolving Loan Program, up to $250,000 in fiscal year 2015 may be
used by the Chancellor of the Board of Regents for administrative
expenses of the Program, and up to $250,000 in fiscal year 2015
may be used by the Treasurer of State for administrative expenses
of the Program.

On July 1, 2013, or as soon as possible thereafter, the
Director of Budget and Management shall transfer $25,000,000 from
the Economic Development Programs Fund (Fund 5JC0) used by the
Board of Regents to the OhioMeansJobs Workforce Development
Revolving Loan Fund (Fund 5NH0) used by the Board of Regents.

Section 5. Within the limits set forth in this act, the
Director of Budget and Management shall establish accounts
indicating the source and amount of funds for each appropriation
made in this act, and shall determine the form and manner in which
appropriation accounts shall be maintained. Expenditures from
appropriations contained in this act shall be accounted for as
though made in the main operating appropriations act of the 130th
General Assembly.

The appropriations made in this act are subject to all
provisions of the main operating appropriations act of the 130th
General Assembly that are generally applicable to such
appropriations.